Madoff trustee sues JPMorgan for $6.4bn

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The trustee trying to recover billions for the victims of Bernard Madoff yesterday sued JPMorgan for $6.4bn, claiming it was 'wilfully blind' to the giant fraud.

Trustee Irving Picard alleges the bank continued to collect fees and profits and ignored well-documented suspicions about Madoff, the Guardian reports. Picard hopes to recover at least $1bn in f...

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